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MLS® 4024882

Open House
Sun May 3, 10:00 PM - 12:00 AM UTC
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $6,934
Days Active 0
Lot Size 
Approx. Age 1923
MLS® Number 4024882

Property Address: 180 Shephard Ave, Newark, NJ, 07112-2022

Average square foot calculated using Size range provided by listing agent.

Description

Excellent cash flow opportunity in Newark's high-demand Weequahic section. This 16-room, 3-family residence offers immediate income potential with clear built-in upside for a buyer ready to update and reposition. Two units can be delivered vacant, providing flexibility to owner-occupy while maximizing rental income. The second floor offers stable income with a tenant in place through October 2027, along with a near-term opportunity to reposition rents to market. With cosmetic updates and lease turnover, projected gross rents range from $6, 500 to $7, 000 per month. Separate utilities, full unfinished basement, and a location that checks every box: Weequahic Park, Beth Israel Medical Center, and Newark Liberty International Airport all nearby with easy access to major transit routes. Please note: Sold as-is. Buyer responsible for Newark Certificate of Code Compliance and DCA Green Card.
MLS® Number4024882
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1923
BasementUnfinished
Driveway1 Car Width, Driveway-Exclusive, Off-Street Parking
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 2, 2026List Date
$650,000List Price
  • Commute

Commute

Starting Address
Destination Address
180 Shephard Ave, Newark,

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